STORAGE RISK ANALYSIS

Understanding risk is a key element for clients interested in developing any kind of CO2 injection project, Geogreen can provide a variety of risk assessment services ranging from preliminary studies to transverse project risk assessments and the construction of measurement, monitoring, and verification (MMV) plans throughout the project's lifetime and continuing on through the closure and post-closure/follow-up phases of the storage operation. 
Key aspects of a risk assessment for a CO2 injection include:  1) defining the context, e.g. based on experiences from relevant past projects, various systems that interact with the project, and other general information, the data from which will be collected in an inventory, 2) identification of potential risks for a particular case, which can be driven both by internal project failures and external causes, based on these results 3) a risk analysis can predict which risks pose as potential sources of harm to human health and the environment, 4) a risk evaluation then compares these key sources of risk based on well defined criteria, taking into account the potential severity and likelihood of each item, and finally 5) reference scenarios can be built based on a limited number of "main events" to highlight the causes and phenomena that could impact the project. 
Geogreen is able to assist clients with the selection of a risk assessment methodology that will be most appropriate for their particular case.   Properly addressing risk from the early stages of a storage project can avoid many difficult situations as it can identify and prevent avoidable problems. Geogreen then employs a dynamic "transverse risk assessment" approach that will evolve with the project. This assessment is essential when filing for exploration permits and project approval, but is also necessary in order to build a proper heath and safety plan for the project with predefined mitigation actions in place in the event of a problem. Geogreen is able to use the results from risk assessment to construct a measurement, monitoring, and verification (MMV) plan for the project.